The world is an ever changing place, and just because we could afford debt at the point at which we took it on, doesn’t mean that we can always afford it later down the line. This is a risk we all take when taking out loans etc, but it is also the risk the lender takes when they agree to allow you to borrow.
This situation means that for some of us, debt taken out in good faith, may simply become unsustainable and the only option is to write off a portion of it.
There are a number of Debt Solutions that involve writing off a percentage of your debt. Take a look at our Debt Solutions page to find out more.